The ECB guarantees bank deposits

The ECB guarantees bank deposits

The governor of the European Central Bank, Mario Draghi, speaking at the European Parliament on Thursday 31 May, in his capacity as President of the European Systemic Risk Board said, “we have all the means to counter a bank run as far as creditworthy banking firms are concerned. The European Central Bank will continue to lend money to those banks and we will keep the refinancing lines active for those lenders”.

In this indirect way Draghi guaranteed all deposits in creditwort...

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